Clifford Chance
China further opens up its financial sector
31 October 2019
On 30 September 2019, the PRC State Council revised the PRC Administrative Regulations on Foreign-invested Insurance Companies (中华人民共和国外资保险公司管理条例) and the PRC Administrative Regulations on Foreign-invested Banks (中华人民共和国外资保险公司管理条例) (the "New Regulations"), marking another step towards the implementation of the central government's commitment to "substantially liberalizing market access and further opening up the financial services sector".
